the new silk road china has belt and road initiative as a source of wealth precious gems for pakistan foster processing of shipping containers in europe and cheaper energy in sri lanka everyone should benefit that's the promise delivered by the singers in this choir. chinese president xi jinping has been pushing the new silk road for the past five years more than one hundred projects have been completed along the route including high speed rail ports for container ships and five or up to connections for faster internet access. german industrial giant siemens sees the new silk road as a major opportunity siemens has recently put up a new office in beijing focused on the new trade groups it's headed by cotton hospice he coordinates major transport projects in more than ten countries. whose team are you have different languages cultures and time zones so finding a common denominator takes some time. the smaller companies can piggyback on a major multinational like siemens says german chamber of commerce representative yet it's hit a bit on and that's because gaining access to the chinese

the new silk road china's belton road initiative as a source of wealth. precious gems for pakistan. faster processing of shipping containers in europe. and cheaper energy in sri lanka everyone should benefit that's the promise at least delivered by the singers in this choir. chinese president xi jinping has been pushing the new silk road for the past five years. more than one hundred projects have been completed along the route they include high speed rail. ports for container ships. and fiber optic connections for faster internet access. german industrial giant siemens sees the new silk road as a major opportunity siemens has recently put a new office in beijing focused on the new trade route it's headed by carsten hands back she corden its major transport projects in more than ten countries. you have different languages cultures and time zones so finding a common denominator takes some time. smaller companies can piggyback on a major multinational like siemens says german chamber of commerce representative yens hildebrand that's because gaining access to the chinese market is chal

for running the silk road which many companies wouldn't cover because it's quite a political message and to have anything for those that would mean those to you for doing things that aren't just in the street so she's going to speak then we have the founder of these euro and overstock patrick byrne speaking there working on a project that i think they're going to have a great announcement today. we have people talking about security tokens and how the industry is evolving we have one of the co-founders of heather speaking great sellers. it's always exciting to see what they're going to speak about and how they feel because i think this event is a bit of a canary in the coal mine for the whole industry how does this go how does it feel gives us a sense of what the year is going to be like no we know you've got to get in there and speak but we can't thank you enough for being with us and spending time with the boom busters on r t america mobile levon of peano thank you moreover. we're now joined by marland yarde who's the managing director of the barbados stock exchange and we've got s

chinese president xi jinping has been pushing the new silk road for the past five years more than one hundred projects have been completed along the routes including high speed rail ports for container ships and fiber optic connections for faster internet access german industrial giant siemens since the new silk road as a major opportunity siemens has recently put up a new office in beijing focused on the new trade groups it's headed by cuts to hospice he coordinates major transport projects in more than ten countries. you have different languages cultures and time zones so finding a common denominator takes some time. smaller companies can piggyback on a major multinational like siemens says german chamber of commerce representative yet still to plant that's because gaining access to the chinese market is challenging due to a lack of transparency. that. there's a lot of uncertainty when it comes to the silk road project process how to apply where to apply and which ministry is responsible all of that's unclear. and chinese companies are us an advantage they are state owned or receive

who set up the silk road.you say as the sentencing judge explained, ross might be a libertarian by philosophy but is his conduct was different than any large drug dealer. he sentenced him the two licenses plus 40 years without parole. a sentence doesn't upheld on appeal. the folks at home may not know, what was the silk road and why is it significant? >> guest: so silk road was the first large scale dark website to sell drugs. and in the two years that it survived before we shut down by law enforcement, it worked on a commission basis and sold and was responsible for the sale of about $1.8 billion worth of drugs. so one person starts at the website. he sort of sees himself as an amazon for a commodity that he doesn't think should be regulated because he's a libertarian. he thinks all drug should be available. and at some point things happen that show that when you go online, it's not this hygienic world because there are no people interacting. so some people start stealing bitcoin from him because he's selling

which i'll ask you to explain in this person who put up the silk road.you say is the sentencing judge explained, he might be a libertarian by philosophy but his conduct was no different than any large drug dealer. she sentenced him to two life sentences plus 40 years without parole. and that has been upheld on appeal. many folks may not know what was the silk road and why is it significant? >> it's the first large-scale dark website to sell drugs. in the two years that it survived before it was shut down by law enforcement, it worked on a commission basis and was responsible for the sale of about $1.8 billion worth of drugs. so one person starts up a website and sees himself as an amazon for a commodity that he doesn't think should be regulated. at some., things happen that show that when you go online it's not this hygienic world because there are no people interacting. some people start stealing bitcoin from him because he's selling the drugs through bitcoin. so he orders hits on people who are stealing bitcoin's. then about a year and half ago i was a

like one belt one road you know listed the tele you what they're creating they're recreating the silk road that is china is building the one belt one road policy and they're spelling it out for us a lot of people are like yeah right like let their cattle wander around in the middle of the highway are they and a lot of people are thinking well they're not going to let you know their ambitions their financial and economic ambitions walk out in the middle of the of the you know u.s. military highway you know they're not going to want to step in front of the u.s. military right but it's happening right in front of our eyes it's being built right in front of our our. if you tune into the cable news talking about trump's latest tweet as like that's a distraction from all this stuff going on right around you know one dollar on roads i mean this is a the answer to the maritime supremacy of empires. in the past it was always about controlling the seas the british empire of course controlled the seas with the royal navy the u.s. was controlling the seas effectively during the post world war two and

it's a fairy tale city and it was pakistan but not everyone is in chanted with the return of the silk road era some account. i'm seeing thanks for joining us china's growth rate has slipped to its lowest point in almost three decades fueling concerns it could slow the global economy down with it and prompting questions like what's behind the slowdown and should the rest of the world be worried. once upon a time chinese economic performance wasn't global news those days are long gone the country's growth rate now act as an indicator for the health of the entire world's economy no wonder then that this in once meant was so hotly anticipated. according to preliminary estimates the total value of china's g.d.p. was ninety point zero three trillion you won the awesome ninety two a six point six percent year on increase that figure outstripped the anticipated goal to. six point six percent it may not sign too shabby but take a look at this a decade ago chinese economic growth was hovering around ten percent in the year since then it's slowed steadily and what's worrying investors is that no one

estimated one point four billion dollars it's part of beijing's belton road initiative a modern day silk road linking asia europe and the middle east but not everyone in sri lanka is convinced about the project. the port city has been doubt sri lanka's new dubai the official name is the colombo international financial city especially comic zone with its own business friendly tax regime and regulations. an estimated one hundred million cubic meters of sand when needed before building construction could even start thousands of tons of sand when moved from sri lanka's coastline for the new port city it's being loaded by the country's leaders as a great achievement. of the peace or equality game model and we don't know one of the more i think people if you look one project this country will never see. and it comes at a hefty price for sri lanka local fishermen say it's destroying marine life and their livelihoods. they environmental damage is changing the region's ecosystem some environmentalists say the excavated stand alone is worth more than double the project's anti a budget of one point four

him all of that some a condo becomes a green awaits us like in the middle ages during the famed silk road where the city situated. on behalf of our president so we're drawing up the general plan for some account are made objective is to restore our history. says that's not true story. this story goes beyond fairy tale backdrops to that part of the old city where some account residents live some people here are afraid their homes will be demolished to make room for the beautiful new tourist world called some account city critics of the ambitious project fear the boundaries of the old tom will be arbitrarily changed according to the investors needs. that's what happened when it was back and was part of the soviet union. in the eighty's a lot of industrial companies were built in the city center many old buildings had to be removed twenty five percent off the center was demolished and that's why i see the development of the city differently so-called buffer zones should not be used for high rise buildings they must not destroy the silhouette of the city. the absolute. i can say with absolute

we are seeing it for example in china's wheldon road programme, the huge investments in the new silk roadadvancing its position to soft methods, rather than hard methods, i think it is part of the uk getting increasingly worried about china's strength. —— belt and road. increasingly worried about china's strength. -- belt and road. in the meantime, we are back to apple in the atlantic. it is talking about five different reasons why apple has a tough time ahead. the figures are still huge still. they are, yeah. when you look at its revenues, still making phenomenal profits every quarter. this is the company which is very savvy. the question ears and the atlantic runs through these buy things, the question is i suppose what apple does about the areas it can control. clearly, if it comes to a slowdown in china, there's not much that apple can do to counteract that, when it comes to rivals being better, they may be able to do something that because apple has been charging premium prices for technology. can afford to do that even as the brand leader when you have chinese operators coming up, p

. >> it is part of the silk road initiative.hey have been very successful in making inroads into africa. and we have looked specifically at one country grappling with the consequences of this relationship now. jason: up next, the key to nancy pelosi's legislative agenda. carol: and fighting schools with chocolate milk. jason: this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." i am jason kelly. does every day on the radio from 2:00 until 5:00 wall street time. you can also check out our podcast. jason: and you can find us online at bloomberg businessweek.com. over to the politics section, house speaker nancy pelosi faces multiple chances. -- challenges. carol: she has to address the issues that helped democrats win the house. >> she was also speaker of the 2011.from 2007 until she kept her caucus in line making sure that everyone stays together. that means they were able to pass things like the affordable care act also known as obamacare. now, she is speaker again and it is a different washington

matt mentioned kind of the digital silk road. if they establish new standards in digital economy, then that actually does present a real, fundamental problem to the west and the rules of the game that we would champion. i do not think that's where the bri is. andink that's the vision there are a lot of reasons to doubt whether or not it will succeed, but i think that is the risk. that is why you have seen this were a response you have from the united states and partners. >> i would just>> -- stephanie said exactly what was going to say. i think that's exactly the way to think of the bri, and but the potential risk and challenge here. to you on top of that a paper report that our colleague codirects the reconnecting agent project put out yesterday. i think it came yesterday. it's called influence and infrastructure. a historic look at how infrastructure has been used to exert influence. he talks about the romans, the british and telegraph, and it's an interesting have oracle -- historical, and then talking about the potential uses

we have an event coming up on february 5 on the digital silk road which is one aspect of the story that we are very interested in. stay tuned for that. final question is a big one and we are not going to have time to do this justice but if we could put that up which is about technology. key story and technology innovation and in 2019 breakthroughs and quarter cooperations and consumes of individual governance regulation market fragmentation competition and government funded investment, r&d, and the export controls reduced a cross- border investment innovation winter. to cite or friends that eurasia group. i will let scott go first once we settle. we look like we are settling on b. okay scott. >> i would probably put myself in camp c but i would not i don't know if the climate analogy is the right one to use. i would say that i would divide this into a conversation about where technology is going and where technology policies going. i think they are going in different directions. the technology i think we are seeing more realism this year. last year, lights of hype, amazing amounts of ad

and ross unfortunately famous from the silk road of course with two back to back life sentences in prison for running the.

revolution says this kazakh research that's because one of the most important economic projects the new silk road crosses change on province. does. the chinese want to keep enjoying province quiet it's very important for them many people there are of kazakh origin and they want to bring them under their control no matter what means they have to use to do it. since starting cation program and twenty sixteen the chinese authorities have also been using kazakh gods now for the first time one of these gods has fled. no longer wanted to be part of what he sees as an inhumane machine. the people like took to the camps looked bad and thoroughly shaken. we were also constantly afraid my colleague was deported to the camp because he had picked up a piece of paper with the words please help us written on his cameras filmed him so they arrested him and took him to a camp. here at the small human rights organization that's how you know what they try to help by filming appeals by cossacks who are looking for their relatives in china they hope the world will finally listen to. sports news now this week sees th

current job things you've got several of them and maybe we're able to show people that but talk about silk road just briefly your option this off today yes it's actually. for two hundred the bear market the situation before it's possible to. basically get fifty k. it's the bear market but i'll make it for the body like that so basically we're all should say it was ten dollars just to just to get it sort of very true to their mission i didn't want to push on to split the money and spend only half of it this is something that is. a good charity. and are going to keep doing it for trying to destroy the west i think i should want all three to stop that's the way it is trace it's going to history has tripled to. excite. him all the people i did not expect to run into those who are now artists best thank you so much great to meet you pleasure likewise thanks for having me i'll take you. a while but look here is something interesting kryptos the t.v. show and i met earlier the producer here george shimmy a george good to see you to see you so tell us about this when you do it and he says sure to pitch

your crypto things you cut several of them and maybe were able to show people that but talk about silk road just briefly or option this off today yes it's actually. for two hundred the bear market situation it's possible to say basically the average is about fifty k. it's the bear market but i'll make it for the body like that so basically we all should say it was ten dollars just to just to get it sort of very true to their mission and i determined to push our discipline to put the money and spend on it have to say something that is. good charity. hard to keep doing if a tragic story goes i think i should want all three to last that's the way it is tremendous it's going to history i said trouble to. excite. him all the people i did not expect to run into those who are now artists best thank you so much great to meet you pleasure likewise thanks for having me thank you. both look here's something interesting kryptos the t.v. show and i met earlier the producer here george shammy a george good to see you to see you so tell us about this what are you doing and he says sure to pitch to an indu

print those things you cut several of them and maybe we were able to show people that but talk about silk road just briefly your auction this off today yes it's actually. ordered to order the bellagio for the situation before it's possible to. basically get out of fifty k. that's the fair part of it all maybe keep it for the body like that so basically we all should say it was ten dollars and just to just to get it sort of very true to their mission i do it's going to push our discipline to put the money and spend on it have to say something that is. a good church. i keep hearing if a tragic story goes i think i should go to past that's the way it is tremendous it's going to history i say trouble to. actually. you know all the people i did not expect to run into those who are now artists best but they do so much great to meet you pleasure likewise thanks for having me thank you. both look here's something interesting kryptos the t.v. show and i met earlier the producer here george shammy a george good to see you to see you so tell us about this what are you doing and this is a short piece to a

you think silk road, you think silk and spices.re talking the infrastructure of technology. with that comes a cultural implication because china has cracked down on certain freedoms of speech, video games and censorship. they are importing that ability to censor to other countries and therefore also the cultural implications. >> we take a deep dive into the nba in particular. show --those colors smart tv, internet connected appliances, this shows where china has either sold goods into , in particular in emerging economies. it is digital infrastructure. with it, there are surveillance methods, cameras are being imported. what's interesting, especially they are saying the west did nothing for us, so let's take a look at a different method. china is loaning us a bunch of money to build up our economy. >> this goes to the battle for cultural hedge enemy -- cultural hegemony. which cultural -- alix: the u.s. in some ways is very far behind what china is doing in some ways. >> that's interesting. >> you could talk about the tech giants f

asked yo-yo ma and the silk road ensemble to bend them. it is farther north, but to bend them musically and geographically into this vietnamese place. it was wonderful. we had that experience. all of this delivered before editing. it was never added to. i have never been with an editor with the film running. i have never gone in with a first-person voice, asked meryl streep to read that while zooming in on her and her we had consultants go, where did you get that tape of eleanor? it is called meryl streep. [laughter] ken: she is going places, let me tell you. or with the case of the soundtrack itself, we never put it up and changed the music to what -- fit what was on the screen. david: i tried to figure out how you might have done that in vietnam. now i can answer people. just as a real quick digression, you talked about fundraising. forgive me this. when i was a kid i was going to be a rabbi. my dad was a first-generation american, religious jew from russia where it one day i marched in and said i will not do it. he said, that is interes

investments for commodities and infrastructure in emerging markets but they're also building the digital silk roads part of the belt and road initiative. they have been very successful in making inroads into africa. the technology section this week looked specifically at a case study of one country grappling with the consequences of this relationship now. jason: up next, the key to nancy pelosi's legislative agenda. carol: big dairy about to flood u.s. schools with chocolate milk. jason: this is "bloomberg businessweek." ♪ welcome back to bloomberg businessweek. >> join us for bloomberg businessweek every day from the radio that on the radio from two to 5 p.m. you can check out our daily show. us online onnd businessweek.com and our mobile app. house speaker nancy pelosi faces multiple challenges to say the least. >> she needs to shift the discussion as quickly as possible to the agents that helped the democrats win the house in 2018. >> nancy pelosi was speaker of the house from 2007 32011. by all accounts she was an effective speaker. she was good at keeping her caucus in line and making sure ev